Re: Bankruptcy Swaps with Canadian Reference Entities

I attach detailed advice on Canada as requested.

Regards.

Paul

From: Mark Taylor 15/05/2000 19:54

To: Paul Simons/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT
cc:

Subject: Bankruptcy Swaps with Canadian Reference Entities

The Houston desk has asked me to prepare a form of confirm for a credit
derivative based on the bankruptcy of a Canadian reference entity. Before I
talk to Canadian counsel about the bankruptcy laws there I thought I should
check with you guys and make sure you haven't done this already - any issues
you know of?
Thanks, Mark